The Steam Wallet, Steamworks' newest feature, is now available for public testing. With Steam Wallet, you can add value to your Steam account using any of the payment methods supported by Steam. Funds in your Steam Wallet may then be used to buy any item available on the Steam store, or combined with other payment methods to make a purchase.

To help us test this new feature, now in beta, click here and follow the instructions available there. Remember, even in beta, purchases are real. You should only fund with money you actually plan to use on Steam. And as always, please report any feedback here on the forums. Thanks!

How is the funds protected from account hijackers?
Is there a pin or additional password? If not there definetly should be atleast 4 digit pin with big red warning not to use the same pin anywhere or real bank pin.

How is the funds protected from account hijackers?
Is there a pin or additional password? If not there definetly should be atleast 4 digit pin with big red warning not to use the same pin anywhere or real bank pin.

Thanks I was just about to ask the same, if these funds are available easily on any account then I presume further security checks are in place to secure those funds?

Also, can money be transfered, for example as a gift to another account?

Furthermore, what's the point? If I can pay for it using a credit card, then why would I need to use this?

I am curious the same. The only real benefit I see is the ability to set up accounts for younger children who have no cards, and allot them a certain amount to purchase games with. Unless they are looking to add pre-paid cards though, I am not sure the benefit.

Common sense yes does help a lot but if hijackers are aware that funds are freely available on any account and those funds can be transferred to any other account without any further security checks then I sense a big rise in hijacked accounts.

I'm not quite sure I get the purpose of this feature. Is it supposed to be for those occasions when you don't have access to your payment information, like CC number?
Why would I go through all the trouble first transferring money to my Steam account (wondering about security measures) to spend it on games afterwards when I can just directly buy the items? And you'll also always have a few bucks left over on the account since the prices are never even.

Common sense yes does help a lot but if hijackers are aware that funds are freely available on any account and those funds can be transferred to any other account without any further security checks then I sense a big rise in hijacked accounts.

Recent changes to the Steam Subscriber Agreement say that the funds cannot be transferred to a different account (or refunded, for that matter).

The SSA doesn't say whether the funds could be used to purchase gifts for other accounts or only your own.